Sec. 273.001. CONTRACTS SUBJECT TO CHAPTER. This chapter applies to a contract only if:
(1) the contract is for the sale, lease, exchange, or other disposition for value of goods for the price, rental, or other consideration of $50,000 or less;
(2) any element of the contract's execution occurred in this state;
(3) a party to the contract is:
(A) an individual resident of this state; or
(B) an association or corporation that is created under the laws of this state or has its principal place of business in this state; and
(4) Section 1.301 does not apply to the contract.
Added by Acts 2007, 80th Leg., R.S., Ch. 885 (H.B. 2278), Sec. 2.01, eff. April 1, 2009.
Structure Texas Statutes
Title 9 - Applicability of Law to Commercial Transactions
Chapter 273 - Law or Forum Applicable to Certain Contracts for Disposition of Goods
Section 273.001. Contracts Subject to Chapter